Question

Time tickets should be approved by A. the audit committee. B. the payroll department. C. co-workers....

  1. Time tickets should be approved by

    A.

    the audit committee.

    B.

    the payroll department.

    C.

    co-workers.

    D.

    the employee's supervisor.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

The answer is option D. The employee's supervisor.

Time tickets should be approved by the employee's supervisor

Add a comment
Know the answer?
Add Answer to:
Time tickets should be approved by A. the audit committee. B. the payroll department. C. co-workers....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • The members of a client's 'audit committee" should be: A non-directors and non-managers, B. directors and...

    The members of a client's 'audit committee" should be: A non-directors and non-managers, B. directors and managers. c. members of management. directors who are not a part of company management The members of a client's 'audit committee" should be: A non-directors and non-managers, B. directors and managers. c. members of management. directors who are not a part of company management

  • An audit committee of a publicly traded company should be composed of: a) members of the...

    An audit committee of a publicly traded company should be composed of: a) members of the board of directors who are independent directors. b) the CFO and two other board members who are also shareholders. c) the audit partner, the CFO, and a shareholder. d) executive and non-executive members of the board of directors. **Choose the correct answer**

  • Which statement is correct? a. The auditors should inform the audit committee if the CFO is...

    Which statement is correct? a. The auditors should inform the audit committee if the CFO is not cooperating with the auditors. b. The auditors should inform the CEO if the CFO is not cooperating with the auditors. c. The auditors should inform the SEC if the CFO is not cooperating with the auditors d. The auditors should inform the PCAOB if the CFO is not cooperating with the auditors.

  • QucotioIT The chief audit executive (CAE) of an organization's internal 20 audit activity should have the...

    QucotioIT The chief audit executive (CAE) of an organization's internal 20 audit activity should have the authority to do which of the following without seeking specific approval from senior management? Answer saved Marked out of 1.00 I. Alter the approved audit plan in response to scope PFlag question limitations Implement the audit plan, including consulting audits. II III Meet with the audit committee without senior management present. IV Assign an internal auditor to an assurance engagement in an area where...

  • Q2. At Royall Manufacturing Company, a supervisor in the factory collects the time cards from workers...

    Q2. At Royall Manufacturing Company, a supervisor in the factory collects the time cards from workers in her department and reviews and approves the hours worked for the week. She sends the time cards to Payroll Accounting, where a clerk keys the data into the computer and then files the time cards alphabetically. Computer updates the payroll record kept on the magnetic disk and prints paychecks for employees. a. Prepare a system flowchart for processing payroll at Royall as described...

  • According to The Sarbanes-Oxley Act of 2002, the audit committee of the board of directors is...

    According to The Sarbanes-Oxley Act of 2002, the audit committee of the board of directors is directly responsible for a performing tests of the company's internal control structure. b overseeing day-to-day operations of the internal audit department. c certifying the accuracy of the company's financial reporting process. d hiring and firing the external auditors. A fraud technique that uses unauthorized codes in an authorized and properly functioning program is called the ________ technique. a Trojan horse b man-in-the-middle c salami...

  • QUESTION 16 1. Members of our finance committee should be happy with (a)their (b)it's (c)its record....

    QUESTION 16 1. Members of our finance committee should be happy with (a)their (b)it's (c)its record. C c . its 1 points QUESTION 17 1. Although we have (a)began (b)begin (c)begun to replace equipment, the pace is slow. Cabegan C b .begin 1 points QUESTION 18 1. Across from our office (a)is (b)are (c)was a Starbucks coffeehouse and a doughnut shop. Ca.is Cc. was 1 points QUESTION 19 1. Union Bank has announced (a)who (b)whom (c)whomever it will hire as...

  • If an auditor were to audit a payroll application using around-the-computer auditing techniques, the individual would:...

    If an auditor were to audit a payroll application using around-the-computer auditing techniques, the individual would: a) Use test data b) Verify that the output from the computerized processing was correct for the input data used to generate it c) Never use a surprise audit because of the amount of time and work involved d) Prepare a profile of a computer file and check the processed data with the profile thus obtained

  • Requirement b. For each internal control, identify the transaction-related audit objective(s) to which it applies. Transaction-related...

    Requirement b. For each internal control, identify the transaction-related audit objective(s) to which it applies. Transaction-related audit Internal control objective(s) Human resource policies require an investigation of an employment application from new employees. Investigation includes checking the employee's background, former 1. employers, and references. Approval of department head or foreman on time records is required before preparing 2. payroll Accuracy All prenumbered time records are accounted for before beginning data entry for 3. preparation of payroll. Accuracy and Occurence Classification...

  • Which of the following matters would an auditor most likely consider to be a significant deficiency to be communicated to the audit committee

    1. Which of the following matters would an auditor most likely consider to be a significant deficiency to be communicated to the audit committee? A. Management's failure to renegotiate unfavorable long-term purchase commitments.B. Recurring operating losses that may indicate going concern problems.C. Evidence of a lack of objectivity by those responsible for accounting decisions.D. Management's current plans to reduce its ownership equity in the entity. 2. After obtaining an understanding of internal control and arriving at a preliminary assessed level...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT